Regulatory AlertsCP13/17: Use of dealing commission
The Financial Conduct Authority proposes changes to its Conduct of Business Sourcebook rules to ensure investment managers appropriately control costs when using client funds for dealing commission. These modifications aim to clarify how execution-related and research goods and services are acquired, thereby protecting the interests of institutional and retail investors. The regulator invites comments from industry participants by 25 February 2014 as part of a broader discussion on potential long-term reforms to the dealing commission regime.
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